(Corporate income tax) The Robbins Corporation is an oil wholesaler. The firm's sales last year were $1.07 million, with the cost of goods sold equal to $650,000. The firm paid interest of $209,000 and its cash operating expenses were $101,000. Also, the firm received $40,000 in dividend income from a firm in which the firm owned 22% of the shares, while paying only $10,000 in dividends to its stockholders Depreciation expense was $51,000. Use the corporate tax rates shown in the popup window. . to compute the firm's tax liability. What are the firm's average and marginal tax rates? The Robbins Corporation's tax liability for the year is $ The firm's average tax rate is The firm's marginal tax rate is (Round to the nearest dollar.) (Round to two decimal places.) (Round to the nearest integer.) Depreciation expense was $51.) The Robbins Corporation's tax The fim's average tax rate is The firm's marginal tax rate is Data table Taxable Income Marginal Tax Rate $0-$50,000 15% $50,001-$75,000 25% $75,001-$100,000 34% $100,001-$335,000 3916 $335,001-$10,000,000 3496 $10,000,001-$15,000,000 35% $15,000,001-$18,333,333 38% Over $18,333,333 35% (Click on the icon in order to copy its contents into a spreadsheet) Print Done X hat are the firm's average and marginal tax rates?